US Dept. of Education - Loans Customer FAQ
Top Answers & How-to Guides
What is US Dept. of Education - Loans's Phone Number?
The question we are asked most often is about how to talk to US Dept. of Education - Loans customer service. Click here for contact information, email and chat options, getting a live person, wait times and more.
Ask any question you have about US Dept. of Education - Loans customer service, get an answer now.
Loan Types
What is the difference between subsidized and unsubsidized loans?
Subsidized and unsubsidized loans are two types of federal student loans offered by the US Department of Education. The main difference
Subsidized loans are need-based and available to undergraduate students. The government pays the interest on these loans while the borrower is in school, during grace periods, and deferment periods. This means that the loan balance does not increase during these periods.
In contrast, unsubsidized loans are available to both undergraduate and graduate students, and no financial need is required. Interest begins accumulating on these loans from the time they are disbursed, and borrowers are responsible for paying all of the interest accrued, even while in school or during deferment. Students can choose to either pay the interest while in school or have it capitalized, increasing the loan balance.
Overall, subsidized loans are often more favorable since the government covers the interest during certain periods, reducing the overall cost of borrowing....
Help me with my US Dept. of Education - Loans customer service issue
Ask any question you have about US Dept. of Education - Loans customer service. We will do our best to get you answers right away.